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Shaw and Partners has been appointed Co-Manager to the KKR Credit Income Fund Initial Public Offering.
KKR Credit Income Fund (“Trust”) is an Australian registered managed investment scheme structured as a unit trust, which has been registered with ASIC and is proposed to be listed on the ASX under the stock code ASX: KKC.
The Trust is managed by KKR Australia Investment Management Pty Ltd.
The Trust is seeking to raise a minimum of $200 million and up to $750 million through the issue of units at a subscription price of $2.50 per unit.
KKR Credit Income Fund aims to provide ASX investors with attractive, risk adjusted returns and access to a diversified portfolio of income generating alternative credit investments with a focus on capital preservation through geographic and asset class diversification. The Trust targets a net return of 6-8% p.a. with a target net cash yield of 4-6% p.a. through the market cycle.
The offer is open to investors with a registered address in Australia and New Zealand.
For more information or to obtain a copy of the Product Disclosure Statement, please contact your Shaw and Partners Adviser.
The Manager is an affiliate of Kohlberg Kravis Roberts & Co. L.P. (KKR), a global alternative asset manager and KKR Credit Advisors (US) LLC (KKR Credit) is the Investment Adviser through which KKR conducts its global credit investment business. KKR manages approximately US$206 billion of assets with nearly US$70 billion of assets being managed by KKR Credit. KKR Credit has approximately 120 investment professionals who seek and analyse new investment opportunities.
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